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election indicate that a different course of
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~ (8) elect to exercise or not to exercise any
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! other option or election afforded by the Internal
Revenue Code. ~
~ td) Power to borrow and to prosecute and defend.
~ The Trustee, with respect to any trust, sha11 have the power
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t (1) borrow money, on the general credit of
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. any trust or by pledge or mortgage of any trust
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property as security for the repayment thereof,
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f and to renew from time to time any indebtedness
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incurred by the Grantor's Personal Representative
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i~ for the Grantor's estate or the Trustee for any
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trust, and
;i (2) prosecute and defend and, in the
ii exercise of the discretion of the Trustee which
shall be binding on all interested parties, to
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- compromise, settle or abandon clai.ms in favor of
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or against any trust or trust property. '
i (e) General powers of administration. The
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~~Trustee, with respect to any trust, shall have the power to:
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(1) determine what property is covered by
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j general descriptions contained in this Agreement,
~i (2) employ attorneys and agents and to a
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' their reasonable compensation and costs for ser- '
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vices rendered;
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. . . . . . . 3.